Fairfax Financial (TSE:FFH) Stock Passes Above 50 Day Moving Average – Should You Sell?

Fairfax Financial Holdings Limited (TSE:FFH)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$2,007.91 and traded as high as C$2,048.29. Fairfax Financial shares last traded at C$2,045.60, with a volume of 41,312 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have commented on FFH shares. Cormark boosted their target price on Fairfax Financial from C$2,125.00 to C$2,250.00 in a research note on Tuesday, February 18th. CIBC upped their price objective on shares of Fairfax Financial from C$2,200.00 to C$2,400.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th.

Fairfax Financial Stock Up 0.8 %

The company has a 50 day moving average price of C$2,007.91 and a 200-day moving average price of C$1,861.32. The company has a market cap of C$32.81 billion, a price-to-earnings ratio of 7.83, a P/E/G ratio of 0.27 and a beta of 0.83.

Insider Buying and Selling

In other news, Director Brian Johnston Porter bought 100 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of C$2,104.88 per share, for a total transaction of C$210,488.00. Insiders purchased a total of 111 shares of company stock valued at $232,454 in the last three months. Insiders own 3.76% of the company’s stock.

About Fairfax Financial

Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. The company operates through Property and Casualty Insurance and Reinsurance, Life insurance and Run-off, and Non-Insurance Companies segments.